Mattel, Inc. (NASDAQ:MAT) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Mattel, Inc. has received a consensus recommendation of “Moderate Buy” from eight brokerages, with three analysts issuing hold ratings and five recommending buy.
• The average one-year price target for Mattel shares is $24.3750, with current trading around $17.08 as of the latest update.
• Institutional investors hold a significant majority of Mattel's stock, with 97.15% of shares owned by hedge funds and institutional investors, reflecting strong confidence in the company.

Shares of Mattel, Inc. (NASDAQ:MAT - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $24.3750.

A number of research analysts recently commented on the stock. Wall Street Zen lowered shares of Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. raised their price objective on shares of Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Citigroup raised their price objective on shares of Mattel from $22.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Finally, Roth Capital set a $22.00 price objective on shares of Mattel and gave the company a "neutral" rating in a research note on Friday, July 11th.

Mattel Price Performance

Shares of NASDAQ:MAT opened at $17.08 on Friday. The firm's 50 day moving average is $18.09 and its two-hundred day moving average is $18.30. Mattel has a 52 week low of $13.94 and a 52 week high of $22.07. The firm has a market capitalization of $5.50 billion, a P/E ratio of 11.02, a PEG ratio of 2.08 and a beta of 0.66. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.80.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. Mattel had a net margin of 9.87% and a return on equity of 25.19%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business earned $0.19 earnings per share. The business's revenue for the quarter was down 5.7% on a year-over-year basis. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Analysts anticipate that Mattel will post 1.7 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Cerity Partners LLC grew its position in Mattel by 479.5% in the first quarter. Cerity Partners LLC now owns 79,159 shares of the company's stock worth $1,538,000 after buying an additional 65,499 shares during the last quarter. Private Client Services LLC acquired a new position in Mattel in the first quarter worth approximately $868,000. Principal Financial Group Inc. grew its position in Mattel by 0.3% in the first quarter. Principal Financial Group Inc. now owns 775,203 shares of the company's stock worth $15,062,000 after buying an additional 2,601 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Mattel in the first quarter worth approximately $475,000. Finally, Bank of New York Mellon Corp grew its position in Mattel by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 2,513,336 shares of the company's stock worth $48,834,000 after buying an additional 54,430 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.

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